Back from vaca.
I am still short/sell on the overall market, using SPY. This is based upon clear sell signals generated on 3/8/2013 from my primary oscillators (Bollinger band and RSI).
Additionally, MACD appears to be fading thus supporting my sentiment and position.
At this time, my current goal is to protect my profits, without much concern of a potential bounce back. Therefore, I have placed my stops at the respective 20 day moving averages and I continue tightening them further as the market increases further, like last Friday 3/22/2013. I normally place stops at three different levels, but not in today's market.
I am not adding any new money based primarily on the risk/reward aspect.